Congress has enacted many tax law changes this year affecting qualified plans and IRAs. While the SECURE Act has created more permanent changes, the CARES Act brings some temporary relief to individuals affected by the Covid-19 pandemic. One area that has seen a lot of change recently is required … [Read more...] about COVID-19 Changes to IRA Rules Provide Opportunities
Benefits of “Planned Giving” in Chicago, IL
Planned giving is one of those pieces that you can add to your estate plan to recognize and donate to your favorite nonprofit when the time comes. A complete estate plan involves a number of different pieces—a will, trusts, powers of attorney (particularly a durable POA), medical directives, a … [Read more...] about Benefits of “Planned Giving” in Chicago, IL
The CARES Act Makes Changes to Charitable Giving
The CARES Act has implemented a variety of measures to help individuals and businesses get through these difficult times. The CARES Act also includes provisions designed to encourage courage charitable support and giving. These provisions not only benefit charities, they also benefit those who are … [Read more...] about The CARES Act Makes Changes to Charitable Giving
How Does the 2020 SECURE Act Affect Illinois Retirement Planning?
You’ve probably heard of the Setting Every Community Up for Retirement Enhancement Act (SECURE) that went into effect on January 1, 2020. Part of a larger federal spending package, the Act brings about reforms intended to make saving for retirement easier and within reach of more Americans than ever … [Read more...] about How Does the 2020 SECURE Act Affect Illinois Retirement Planning?
Charitable Trust Distribution Requirements in Illinois?
Do you want to make sure that your favorite charity or charities are provided for after you’re gone as well as reduce the tax burden on your estate? Would you like the opportunity to earn revenue from an asset without selling it? There is an answer. The Charitable Trust These are also … [Read more...] about Charitable Trust Distribution Requirements in Illinois?
